Beater Edition: Rent, Lease, Sell or Keep

Steven Lang
by Steven Lang
beater edition rent lease sell or keep

A 1997 Ford Escort is not exactly a rolling testament to the dreams of auto enthusiasts.

But for $300, it beats the ever loving snot out of a Schwinn.

This LX model was a trade-in from one of my customers. Did I rip them off? No. Not at all. One of the cylinders was dead. The interior was as dirty as Hugh Hefner’s mind, and with 221k miles coupled with a 5-speed, it wasn’t about to go on the front line.

But where should I put it?

Rent: Yes, people like small cars and you can always give a good detail to any dirty car. But 5-speeds? I did offer one, and only one, as a rental back in the day. It was a 1995 or 1996 Geo Prizm. I would only rent it out to older folks and would sit with them for a long test drive around town before letting it be sent out. Just to make sure that they knew what they were doing. It worked out real well. But unless I replaced the engine on this Escort, the rental idea would be a non-starter.

A small car like this would typically rent for $20 a day or $105 for a week. Miles don’t matter. Fuel economy certainly does in a semi-rural Southern town where folks have more distance to drive than money in their pocket. So it is possible to make this a rental. Except for one thing.

Lease: A good engine for these things is about as tough to find as a popular American car in South Korea. An inordinate number of these Escorts end up having engine problems between the 120k to 150k mark. Why?

The Escort has an unusually high compression ratio for an economy car. A low tolerance for bad gas, and an engine diagnostic system which is pretty much the worst I’ve seen in OBDII history. In short, these engines don’t last unless you put at least 89 octane in them and ‘listen’ for issues. This particular one had no check engine light blinking even though cylinder one is now more defunct than an old parrot in a Monty Python sketch.

Lease? $500 down and $50 a week once the repairs are done. But only if I could find a good engine with a prancing unicorn next to it.

Sell: Perhaps, but to who?

There are three types of prospective beater buyers. The ‘cheap keeper’. The ‘cheap flipper’ who would try to nickel you down even if you were selling the car for fifty cents. And the ‘cheap old guy’ who really isn’t in the market for a car at all. But wants to call you up anyway and share stories about his once great ride.

The cheap keeper will sometimes have what I call Craigslist issues. For example, the title of your ad can read.


And the top three questions you will likely get are…

1) Is it a stick?

2) How many owners?

3) Does it need repairs?

if you live in a major city you will also get…

4) Can it pass emissions?

This is where it pays to know someone who already has a good use for this type of vehicle. In my case, I have a friend who owns one of the largest junkyards in the state. Since all the doors and interior components are in good shape, he will likely get a decent return out of it. I also know a few mechanics who are always looking for a cheap ride for the wife, ex-wife, daughter, son, or the friends they play poker with on Friday nights.

I can sell it quick for $450.

Keep: How cheap am I? Not at all these days. I used to always drive the most fuel efficient car on the lot or the ‘wore out mop’ that I bought for a low price. These days the small things start to get to me pretty quick. My commute may only be all of 5 minutes when I’m not heading to the auctions or other dealerships to load up on cars. But I have found that driving a car that encourages conversation can offer returns far greater than a wore out beater. The 1st Gen Insight will stay due to it’s popularity. This Escort needs to be gone.

So should I fix and rent it? Pray for unicorns and lease it to a stick smart buyer? Sell it to the more gritty elements of automotive commerce? Or keep it as a rolling version of chick repellent?

What says you?

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4 of 58 comments
  • Chicagoland Chicagoland on May 26, 2012

    Sell it to bone-yard, these Scorts are starting to die off here in salty road-land, and parts are needed. I had a 2000 Scort for 3 years [50-90k miles] and after 85k, it seemed to get more rattly. I put in seats from a ZX2 though for fun. I sold it before used car prices went up in 2010, buyer got it for a bargain.

  • Thabo Thabo on May 26, 2012

    You can really rent out beat up cars like this for $20 a day? I'd be worried about the clientele, but I guess if you can run the numbers and make it work then why not do it. I'd be worried about no airbags and all of that but as my mom say's don't be so bloody scared, we drove around in our youth with jack shye so why worry now. She just bought a new car WITHOUT an airbag! My buddy has one of these, he was given it and he had to weld the subframe or summin crazy like that because it was cracked. He loves to brag about how he get 1000mgp and how you don't really need a subaru or AWD in the snow here in Colorado or snow tires. Needless to day, I almost never drive with him and the times I have done its been quite an experience. Sure you can get around town in the white stuff when you're driving 10mph as well as the mountains most of the time but I feel like I'm going backwards when I'm in his car and there is snow on the ground. There is one spot near the Moffatt tunnel where he always gets stuck and i'm must waiting for this POS to roll back onto the railroad line that is right below it and for this little car to get mushed. Hopefully he or myself won't be in it. But he swears by this car and it's not like he couldn't buy a real car, he owns a house here in Boulder, CO.

    • See 1 previous
    • Thabo Thabo on May 26, 2012

      @Boxer2500 Yes, this was not in the US but in South Africa where they actually assemble BMW's, Mercs and lot's of other cars for the RHD market so not as low tech as you think. She got one of these about 4 years ago: and I don't believe it has airbags or ABS although the photo of the steering wheels looks like it has SRS or summon on it for the current model.

  • Peeryog OK , my fault. But there were a number of inadvertent scatalogical references in the original post. To which, having the intellectual maturity of a 12 year old boy, I snickered.
  • Ajla People that buy a new Silverado or Sierra without a V8 are like the people that get salmon at Peter Luger.
  • MKizzy The Mazda 6 wagon needs to be brought here pronto. Sexy looks aside, it would look less out of place in Mazda's CUV lineup vs the sedan, and since Mazda wants to go "premium," wagon customers tend to be the most affluent (if Daimer-Benz is to be believed). My second choice is the attractive Hyundai i40 wagon, which would replace the defunct VW Sportwagon in the small/mid size wagon niche.
  • Carlson Fan GM needs new leadership. A 9000lb off-road vehicle???? Don't get that thing stuck in a remote area.Imagine if they had brought back the iconic K5 Blazer name and built something to compete with the Wrangler like Ford did with the Bronco. They could have offered that with an electric power train in addition to the gas models. Ford may have some quality issues right now but whoever is steering that ship knows what they are doing. The Bronco & Maverick where both brilliant ideas.
  • Carlson Fan "But it does give General Motors an opportunity to dangle a diesel in front of the faces of consumers and presumably one that yields better gas mileage than the 6.2-liter V8 they’d otherwise be buying."I'll take the 6.2 thank you. The diesel offers some advantages over gas if you use the truck for towing, lower total cost of ownership isn't one of them. I'll add in the gas engine offers better long term reliability & cold weather performance if you live where it snows like me.